Cardano founder Charles Hoskinson has confirmed the upcoming mid-August release of an independent audit report examining Input Output Global’s (IOG) ADA treasury holdings.
This initiative responds directly to community concerns about treasury management following allegations of fund misappropriation against IOG. Hoskinson emphasized the audit’s purpose is to openly demonstrate treasury integrity and reinforce institutional accountability.
The release is positioned to impact Cardano’s standing within the blockchain ecosystem and investor confidence. Market sentiment appears cautiously optimistic, with ADA trading steadily near $0.84 ahead of the audit’s publication.